Save money and power with solar energy. Get a solar loan at competitive interest rates and increase the value of your home or business.
Comes with outstanding benefits
Loan amount minimum of Shs. 50,000 and maximum of Shs. 60 million
Repayment period from 4 months up to 1 year for both individual and group borrowers, as per the existing repayment period(s)
Personalized repayment plan
Competitive interest rates
1 year guarantee
Service provided by FU skilled contracted service providers
You can easily pay back using MTN and Airtel push services
Who is eligible for this loan?
Individuals 18 – 60 years
Individuals both on and off the power grid
Individuals with businesses that have operated for at least 6 months
Potential end users willing to use cash or loan to make solar product purchases
Possession of an acceptable form of collateral for individual solar end users
How to access an energy product
Cash purchases: FINCA Uganda will link you to its contracted skilled service providers in partnership with BrightLife trading company.
Purchases using a loan: FINCA Uganda will process an energy loan equivalent to an energy product cost. The approved loan amount is paid to a contracted service provider after they have delivered the service.
Others: The solar system may form part of the loan security contributing up to 40% of the total loan.
Forced sale value: Energy product cash purchase, attract a 10% commission computed against the total system price. However, delivery and installation of energy products can be done in any part of the country.
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